Form 990 for tax year 2023
Filed by OHIO MINORITY SUPPLIER DEVELOPMENT COUNCIL.
Totals
- Total revenue
- $1,324,531
- Total expenses
- $1,270,663
- Contributions and grants received
- $996,785
- Grants paid
- $0
- Program service revenue
- $320,392
- Investment income
- $0
- Other revenue
- $7,354
- Total assets, end of year
- $713,698
- Total liabilities, end of year
- $101,959
- Net assets or fund balances, end of year
- $611,739
- Program services expenses (Part IX)
- $789,723
- Management and general expenses
- $480,940
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $789,723
Program services were 62.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$622,309
-
1c · Fundraising events
$324,226
-
1e · Government grants (contributions)
$50,250
-
2a · Program service revenue: MBE Support and Fees
total $320,392 · related or exempt $320,392
-
8a · Fundraising events: contributions included on line 1c
$324,226
-
11a · Other revenue: Other Income
total $7,354 · related or exempt $7,354
-
11e · Other revenue, total
$7,354
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $150,720 · program services $88,925 · management and general $61,795
-
7 · Other salaries and wages
total $362,428 · program services $213,832 · management and general $148,596
-
9 · Other employee benefits
total $122,071 · program services $63,478 · management and general $58,593
-
10 · Payroll taxes
total $46,183 · program services $24,013 · management and general $22,170
-
11g · Fees: other
total $246,133 · program services $100,914 · management and general $145,219
-
12 · Advertising and promotion
total $5,004 · program services $5,004
-
14 · Information technology
total $16,951 · program services $10,340 · management and general $6,611
-
16 · Occupancy
total $2,802 · program services $1,008 · management and general $1,794
-
17 · Travel
total $29,397 · program services $21,460 · management and general $7,937
-
19 · Conferences, conventions and meetings
total $20,893 · program services $2,089 · management and general $18,804
-
23 · Insurance
total $6,366 · management and general $6,366
-
24a · Other expenses: Programs and events
total $256,807 · program services $256,807
-
24b · Other expenses: Dues and Subscriptions
total $156 · management and general $156
-
24c · Other expenses: Supplies and Equipment
total $4,752 · program services $1,853 · management and general $2,899
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $438,503 · end of year $609,692
-
4 · Accounts receivable
beginning of year $150,182 · end of year $98,350
-
9 · Prepaid expenses and deferred charges
beginning of year $11,000
-
10a · Land, buildings and equipment: cost or other basis
$102,221
-
10b · Land, buildings and equipment: accumulated depreciation
$96,565
-
10c · Land, buildings and equipment, net
beginning of year $161 · end of year $5,656
-
17 · Accounts payable and accrued expenses
beginning of year $87,586 · end of year $50,834
-
19 · Deferred revenue
beginning of year $128,500 · end of year $51,125
-
27 · Net assets without donor restrictions
beginning of year $383,760 · end of year $571,739
-
28 · Net assets with donor restrictions
end of year $40,000
Mission and programs · 2023
Mission
To coordinate efforts of corporations in the State of Ohio to increase the amount of purchases of goods and services from minority owned companies; to provide educational, managerial and technical assistance to minority companies.
-
They certify business enterprises as minority enterprises. They coordinate efforts of corporations in the Ohio area to increase the amount of purchases of goods and services from minority owned companies. To provide educational, managerial and technical assistance to minority companies. To serve as a link between the corporate buying sector and the minority business community.
Expenses $789,723 · Revenue $1,324,531
As filed on the 2023 return.
Listed in Part VII
-
George R Simms
PresidentCEO
- Total calculated
- $150,720
- From this org
- $150,720
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $150,720
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $150,720
-
Carl Satterwhite
Cin MBEIC President
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan D Mitchell
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Carlton Dean III
Columbus MBEIC Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Adrian Taylor
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Milton McIntyre
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
April Tyler
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Thomas J Winston
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Hazana Rivers
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Yolanda Ortiz-Parker
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Puhl
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Che
MBEIC Chair
- Total calculated
- $0
- Hours/week
- 1
-
Carla Cobb
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark Cunningham
Trusteee
- Total calculated
- $0
- Hours/week
- 1
-
Felica Clark
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Clifford A Bailey
Trustee
- Total calculated
- $0
- Hours/week
- 40
-
Stephanie Burton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Dawkins
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kim Martinez-Giering
Cle MBEIC Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Berlon Hamilton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Jilson R Daniels
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Tasha M Wood
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Abigail Kofete
Chair
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349313766
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